Reported 2 months ago
In the wake of a disappointing July jobs report, Morgan Stanley analysts and other experts are revising their expectations for Federal Reserve interest rate cuts. The report revealed only a 114,000 increase in non-farm payrolls, well below the anticipated 175,000, and an increase in the unemployment rate to 4.3%. As a result, the likelihood of a 50-basis-point rate cut in September has surged to 69%, with expectations for a total of 125 basis points in reductions by year-end. Despite some concerns, analysts believe a soft landing for the economy is still possible but will require careful navigation by the Fed.
Source: YAHOO